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    Techstars and Emirates NBD partner to accelerate enterprise-grade AI and FinTech solutions across the MENAT region
    AU Small Finance Bank Launches Full Range of Savings Accounts for Every Customer Segment
    Rupee falls 10 paise to 95.28 against US dollar in early trade
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    Union Minister of Commerce and Industry Shri Piyush Goyal Assures Modern Testing Facilities for Toy Manufacturing Clusters Across India
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    India and Mali Hold Inaugural India–Mali Forum for Promotion of Exports to Deepen Bilateral Trade and Investment Cooperation
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July 6, 2026
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AI and FinTech partnership accelerates enterprise banking solutions through a direct startup pathway into regional financial services.
Strategic partnership between Emirates NBD and Techstars to accelerate enterprise-grade AI and FinTech solutions across the MENAT region through an Acceleration-to-Enterprise model. The collaboration integrates selected startups into the bank's regional ecosystem and uses its analytics and cloud-native infrastructure to support deployment in enterprise banking, with focus on compliance, wealth management, SME banking and capital markets.
July 6, 2026
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Digital savings account offerings expand customer choice with paperless onboarding, Video KYC, monthly interest payouts and flexible banking access.
AU Small Finance Bank has introduced a full range of savings account products for different customer segments, with options such as AU Digital, AU Royale, AU Platinum, AU Value, AU Vikaas, AU Swadesh, AU Kids and AU Kisan. The offering centres on digital convenience, paperless account opening, Video KYC, mobile and net banking access, debit card choices, competitive interest rates and monthly interest payouts. The accounts remain subject to eligibility, internal policies and applicable terms and conditions, and deposits are covered under DICGC up to the prescribed limit.
July 6, 2026
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Rupee weakness against the US dollar reflects dollar strength, reserve rebuilding by the central bank, and persistent market caution.
The rupee weakened in early trade against the US dollar, opening lower and trading at 95.28 after a decline of 10 paise, as broad dollar strength in overseas markets weighed on the currency. Market participants said the central bank is likely to use fresh foreign inflows to rebuild reserves rather than allow excessive appreciation. India's foreign exchange reserves also declined in the latest weekly reporting period after earlier pressure on the rupee had led to intervention through dollar sales.
July 6, 2026
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Export promotion of premium Kashmir cherries and plums opens new overseas market access for growers.
APEDA facilitated the first export shipment of premium Areko cherries and Scentrose plums from Jammu & Kashmir to the United Arab Emirates, highlighting the export potential of the region's horticultural produce. The shipment from Shopian and Pulwama was presented as a market-access initiative for premium Indian fruits, supported by export promotion, quality enhancement, buyer outreach and export facilitation measures. The initiative was linked to better price realisation, wider adoption of export-oriented production practices and stronger global presence for fresh fruit exports.
July 6, 2026
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Toy manufacturing quality upgrade gains momentum through modern testing, technology adoption and export market expansion.
Modern testing facilities are to be established across toy manufacturing clusters through BIS, the National Test House and other laboratories, with industry expected to identify the equipment needed for quality certification. Toy manufacturers are urged to upgrade production through CAD-CAM, CNC machining, modern machinery and continuous process improvement, alongside skill development centres, partnerships with ITIs and public-private Centres of Excellence. Export expansion is linked to Free Trade Agreement market access, overseas delegations, exhibitions, branding initiatives and warehousing support abroad under the Export Promotion Mission.
July 6, 2026
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Investment protection framework deepens India-Israel economic ties while preserving sovereign policy space for public objectives.
The India-Israel Bilateral Investment Agreement has entered into force, establishing an investment protection framework between India and Israel. It is presented as strengthening bilateral economic relations and providing a secure and predictable investment climate for cross-border investment. The agreement is described as protecting investors and their investments while preserving sovereign policy space for legitimate public policy objectives, reflecting modern international investment law.
July 6, 2026
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Codeine-based cough syrup seizures expose concealment methods used in narcotics trafficking networks under the NDPS Act.
Large quantities of codeine-based cough syrup were intercepted and seized in coordinated anti-smuggling operations in Tripura and West Bengal under the NDPS Act, 1985. The consignments were concealed inside metallic and iron drums beneath cover cargo, including powdery substance and china clay powder, to evade detection during transport and storage. The operations involved recovery from a train parcel van and a warehouse, with one person arrested after arriving to take delivery of the consignment.
July 5, 2026
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Emergency natural gas supply curbs withdrawn as LNG shipments through the Strait of Hormuz resume after ceasefire.
Withdrawal of emergency natural gas supply restrictions followed the normalisation of LNG shipments through the Strait of Hormuz after a ceasefire and the resumption of maritime traffic. The Ministry of Petroleum and Natural Gas amended the Natural Gas (Supply Regulation) Order, 2026 by omitting key operational provisions of the March emergency framework, which had been issued under the Essential Commodities Act in response to disruption of West Asia LNG supplies and supplier force majeure declarations. The omitted provisions had authorised government direction and diversion of domestic gas, imported LNG and regasified LNG to priority consumers and had overridden existing gas sale agreements and related commercial contracts.
July 5, 2026
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Murder investigation centres on a Snapchat message allegedly showing prior knowledge that the planned wedding would not happen.
Police investigating the alleged murder of Ketan Agarwal said they found a Snapchat message purportedly sent by Siya Goyal in May stating that her marriage to Agarwal would not take place, while also asking for an Aadhaar card copy for wedding ticket bookings. Investigators said the message is being verified, and the friend who received it may be questioned to determine whether she had any prior knowledge of a conspiracy to eliminate Agarwal.
July 4, 2026
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Murder investigation centers on a Snapchat message suggesting the planned marriage was not to happen and may show prior conspiracy.
Police investigation in the alleged murder of a Pune realtor has reportedly brought to light a Snapchat message said to have been sent by the accused, indicating that her scheduled marriage would not take place while also referring to travel arrangements for the wedding. The message is being examined for authenticity, and investigators are questioning a friend to determine whether she had any prior knowledge of a possible conspiracy to eliminate the victim.
July 4, 2026
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Free trade negotiations face market access hurdles as India advances talks with Canada, Israel and the EU framework.
Negotiations for the proposed India-Peru free trade agreement remain stalled because of concerns over market access in sensitive products, especially duty concessions on gold. Talks with Canada are progressing under the Comprehensive Economic Partnership Agreement framework, with officials aiming to conclude the pact within the next six months or so. Negotiations with Israel are continuing more slowly because of the West Asia crisis, while the India-EU Trade and Technology Council is being used as a complementary mechanism to support implementation of the concluded trade pact.
July 4, 2026
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GST collection growth in Assam reflects stronger compliance, leakages control and digital tax administration.
Assam reported a 15 per cent increase in GST collection in June, with receipts rising to Rs 1,437 crore from Rs 1,255 crore. The growth was attributed to improved compliance, leakages control, stronger digital tax administration and a wider tax base. GST collections for the April to June quarter were also higher, at Rs 4,467 crore against Rs 3,026 crore in the corresponding period of the previous year.
July 4, 2026
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Energy security through diversified sourcing, expanded refining capacity and LPG supply measures helped shield consumers from crisis impacts.
India's response to the West Asia energy crisis relied on diversified fuel sourcing, expanded domestic refining capacity, rapid reconfiguration of refinery output toward LPG, and active diplomatic engagement to secure energy supplies from multiple countries. These measures were described as shielding consumers from severe fuel shortages and sharp price increases, while excise duty reductions and absorption of oil company losses limited the burden on citizens. The account also highlighted expansion of PNG connections, increased LPG production, and energy resilience as part of a broader policy approach to self-reliance.
July 4, 2026
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Future-ready higher education expands as new programmes focus on AI integration, industry relevance and multidisciplinary skills.
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July 4, 2026
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Retail expansion and customs duty pressure shape jewellery retailer's strong quarterly update and margin outlook.
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July 4, 2026
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Pharmaceutical exports and Chinese investment seen as key to strengthening India-China trade ties and broader economic relations.
Greater market access for Indian pharmaceuticals in China and expanded Chinese investment in India were identified as measures that could strengthen the broader bilateral relationship. India's envoy said India seeks higher exports to China in sectors where it has a competitive advantage, particularly pharmaceuticals, and urged that Chinese partners open their market to high-quality generic medicines exported by India to other countries. He also said trade and commerce remain central to India-China ties, and that a more balanced commercial relationship would benefit both sides.
July 4, 2026
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Stake transfer approval dispute over Vizhinjam port raises disclosure, concession compliance, and public interest concerns.
SEBI and stock exchange intervention was sought over a proposed 49 per cent stake transfer in the Vizhinjam port project, on the allegation that it breached the concession agreement. The objection was that prior state approval was required for any transfer of ownership or of more than 25 per cent shareholding, and that the transaction proceeded without such approval. The matter was also linked to disclosure obligations under the SEBI listing regulations and concerns about public interest, national security, and possible monopolistic effects.
July 4, 2026
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Export promotion strategy stresses Centre-State coordination, MSME support, quality infrastructure and district-level export hubs.
Export promotion strategy centres on coordinated Centre-State action, wider use of the BHAVYA Industrial Parks Scheme, State export committees, regular consultations and monthly reviews of district export performance. The approach links exports with land and labour reforms, improved regulatory coordination and alignment of State incentives with Central programmes to strengthen export competitiveness and MSME participation. Support for exporters includes the Export Promotion Mission, quality infrastructure, trade remedies, import substitution, overseas exhibitions and cross-border e-commerce.
July 4, 2026
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Trade and investment cooperation deepens as India and Mali identify priority sectors, matchmaking opportunities and export facilitation measures.
India and Mali institutionalised their bilateral commercial engagement through the inaugural India-Mali Forum for the Promotion of Exports, aimed at deepening trade and investment cooperation through B2B, B2G and G2G matchmaking, exhibition visits and sectoral discussions in renewable energy, pharmaceuticals, textiles, automotive manufacturing and mining. The parties identified cotton and textiles, mining and energy, agro-industry and shea processing, pharmaceuticals, and social infrastructure as priority sectors, while Mali also sought support for digitising its Certificate of Origin system and prompt registration of approved Indian pharmaceutical products.
July 4, 2026
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Bilateral economic cooperation deepens as India and France expand dialogue on critical minerals, investment, railways and financial ties.
India and France advanced bilateral economic and financial cooperation through the India-France Economic and Financial Dialogue, focusing on alignment in multilateral economic platforms, including the G20 and Paris Club, and on broader views of the world economic outlook. The discussions covered cooperation in critical minerals, economic sovereignty and security policy, efforts to increase cross-investment, expand collaboration in the high-speed railway sector, and further connect the financial industries of both countries.

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Customs, DGFT & SEZ

APEDA Successfully Concludes First Cohort of BHARATI Programme to Accelerate Innovation-Led Growth in Agri-Food Exports

June 25, 2026

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100 Startups from 22 States and 2 Union Territories Complete Export-Focused Acceleration Programme

The Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce & Industry, Government of India, has successfully concluded the first cohort of BHARATI (Bharat's Hub for Agritech, Resilience, Advancement and Incubation for Export Innovation), its flagship export enablement and acceleration programme aimed at fostering innovation-led growth in India's agri-food export sector. Beyond supporting stakeholders, BHARATI seeks to cultivate a dynamic ecosystem aligned with India's target of achieving exports worth USD 50 billion in APEDA-scheduled products by 2030.

The programme was launched to identify, nurture and support high-potential startups developing innovative products, technologies and solutions that can enhance India's agricultural and processed food exports. The initiative aims to strengthen the country's agri-food export ecosystem by promoting entrepreneurship, innovation, value addition, technology adoption and global market readiness.

The inaugural cohort comprised 100 startups from 22 States and 2 Union Territories, selected through a rigorous multi-stage evaluation process from over 700 applications received from across the country. The cohort included 68 agri-food product startups, 26 export-enabling technology and service providers, and six innovators working in the areas of sanitary and phytosanitary (SPS) measures, traceability, quality assurance and compliance solutions.

Reflecting the diversity and vibrancy of India's innovation ecosystem, the cohort featured entrepreneurs ranging in age from 17 to 75 years. Their participation highlights the growing adoption of innovation and technology-driven solutions across the agri-food export value chain.

The participating startups underwent a structured 120-hour export-focused acceleration programme covering export preparedness, market access, business scaling, regulatory compliance, packaging, branding and investor readiness. The programme also provided one-to-one mentorship, masterclasses by industry experts and opportunities to engage with stakeholders from government institutions, industry bodies, financial institutions, exporters and investors. These interactions enabled startups to explore commercial partnerships, strengthen market linkages and enhance their export readiness.

As part of its international market exposure initiative, APEDA facilitated the participation of the top eight BHARATI startups at Gulfood 2026 in Dubai, one of the world's largest food and beverage trade exhibitions. The event provided direct access to global buyers and enabled high-value B2B engagements with international trade stakeholders. More than 100 B2B meetings were held between startups and international traders and importers, and product samples were showcased to prospective buyers.

Chairman, APEDA, Shri Abhishek Dev, IAS, said that the BHARATI Programme reflects APEDA's commitment to building a future-ready export ecosystem driven by innovation, entrepreneurship and global competitiveness. He noted that the enthusiastic response from startups across the country demonstrates the growing strength of India's agri-food innovation ecosystem. He further stated that the initiative aims to create a strong pipeline of export-ready enterprises capable of contributing to the growth of India's agricultural and processed food exports.

The successful completion of the first cohort marks an important milestone in APEDA's efforts to integrate innovation and entrepreneurship into the country's export growth strategy. The initiative is expected to support the emergence of globally competitive startups while creating new opportunities for value addition, market diversification and sustainable export growth.

Within three months of the commencement of the programme, startups supported under the BHARATI initiative have demonstrated significant progress in advancing innovation-led agri-export solutions. Two agri-tech startups collaborated to export approximately 37 MT of GI-tagged Jardalu mangoes to Dubai, while another startup achieved the first-ever sea shipment of nutraceutical-based and botanically infused ready-to-cook millet functional food products to Auckland, New Zealand, using millet sourced from Karnataka-based Farmer Producer Organisations (FPOs).

A Madhya Pradesh-based startup dealing in organic products, including pulses, millets and heritage grains, signed a Memorandum of Understanding (MoU) with a leading supermarket chain in the UAE for an export consignment. An agri-tech startup offering fruit bagging solutions, mango orchard management services and post-harvest tools collaborated with an APEDA-registered exporter to ship approximately 5 MT of mangoes to Singapore during the current season.

A Maharashtra-based Farmer Producer Company (FPC) exported approximately 850 kg of GI-tagged fig juice and jamun-based juice to the United States and the United Kingdom and subsequently received a repeat order of approximately 1.25 MT from the same markets. In another significant achievement, a Karnataka-based startup supported by a network of more than 1,600 farmers across 12 States exported 40 MT of organic products, including pulses, heritage grains and GI-tagged native rice varieties such as Indrayani, along with 5 MT of value-added products to the UAE and European Union markets, with projected exports exceeding 40 MT to the United States, European Union and UAE markets over the next one to two months.

In addition, a Kerala-based startup has received an order for millet-based products from Oman. Negotiations are underway for several other startups involving products such as makhana for the Dubai market and ready-to-eat and ready-to-cook products for the Japanese and Cameroonian markets, among others. Furthermore, a Madhya Pradesh-based startup has expanded its domestic market presence through quick-commerce and e-commerce platforms, along with a retail footprint spanning 100 stores across multiple States in India.

The successful outcomes achieved by startups under the BHARATI initiative underscore the programme's role in accelerating export-oriented innovation and strengthening India's agri-food export ecosystem. Building on the success of the inaugural cohort, APEDA will soon launch the next edition of the BHARATI Programme to further expand support for startups developing innovative solutions for the agri-food export sector. APEDA remains confident that the initiative will continue to create new opportunities for innovation, value addition and sustainable growth while contributing to the long-term expansion and diversification of India's agricultural and processed food exports.

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